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- USD/CHF rises above MA (200)Н1
USD/CHF rises above MA (200)Н1
Today the USD/CHF pair is mainly rising in the range of 0.8775-0.8805 and on the hourly chart it rose above the moving average line of MA (200) H1(0.8760). On the four-hour chart, the situation is similar. Technically speaking, the resistance level at 0.8830 may keep prices from rising further. If this level is broken, the pair may rise to 0.8920. The lower boundary of 0.8735 represents a support level. The most probable range of the pair's movement for today may be hidden within the 0.8735-0.8830 range.
⦁ Resistance levels are: 0.8830, 0.8920, 0.9000
⦁ Support levels are: 0.8775, 0.8735-45, 0.8690-0.8700
The main scenario for the pair implies a decline to 0.8735 (August 11 low) and then, maybe, to 0.8690-0.8700 (August 4 and 10 lows)
An alternative scenario suggests a break of the session high of 0.8790 and there could be a rise to 0.8830 (August 14 high).
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